Tuesday, February 23, 2016
Thrive Market: $100M Run Rate, 180,000 Paid Members
Los Angeles-based health food and products retailer Thrive Market has just hit a $100M run rate, and now has 180,000 paid members, according to co-founder and co-CEO Nick Green. Green, speaking at the Recurring Revenue Conference in Los Angeles on Tuesday, said that the company is growing rapidly, adding 30,000 paid members a month. Thrive Market is backed by Greycroft Partners, Scripps Network, Powerplant Ventures, as well as over 200 angel investors. Thrive Market offers up organic, healthy, non-GMO groceries and other products via its membership-based e-commerce site.